The_Wall_Street_Journal_Asia__September_13_2016

TUESDAY, SEPTEMBER 13, 2016 ~ VOL. XLI NO. 9 WSJ.com

CONTENTS

Arts & Ent............... A

Business & Fin.. B1-

Crossword.............. A

Finance & Mkts B5-

Heard on Street.... B

Markets Digest..... B

Opinion.............. A10-

Personal Journal.. A

Sports........................ A

Technology.......... B3-

U.S. News.................. A

Weather................... A

World News........ A2-

sCopyright 2016 Dow Jones &

Company. All Rights Reserved

What’s

News

 The Philippines’ Duterte

called for the U.S. to with-

draw its remaining mili-

tary advisers, saying their

presence makes them a

target for Abu Sayyaf. A

 Clinton will release ad-

ditional medical records this

week after a pneumonia

diagnosis put her well-be-

ing in the spotlight. A1, A

 North Korea’s nuclear

detonation raises the im-

petus for closer military

cooperation between

Japan and the U.S. A

 Syria’s Assad vowed to

keep fighting what he called

“terrorists,” hours before a

U.S.-Russian brokered cease-

fire was set to begin. A

 China appears to be

recalculating its alliance

with Venezuela, con-

fronted with unpaid bills

and security headaches. A

 Myanmar’s Suu Kyi will

visit Obama this week, re-

newing the question of

whether he is ready to drop

remaining sanctions. A

 Two militants dressed

as doctors attacked a hos-

pital in the Afghan city of

Kandahar, killing at least

one patient. A

 South Sudan’s leaders

have transferred much ill-

gotten wealth outside the

country, a report by a non-

governmental group said. A

C

anadian fertilizer firms

Agrium and Potash

confirmed plans to merge

in a deal that will create a

crop-nutrient giant valued

at about $27 billion. B

 A selloff in government

bonds continued to rattle

markets as investors low-

ered their expectations of

future stimulus. A1, B

 The most vibrant mar-

ket for yuan trading outside

mainland China has become

a battleground for Beijing

to defend the currency. B

 Samsung nominated the

son of its chairman to the

board as the firm’s shares

fell sharply in the wake of a

global phone recall. B

 HP agreed to buy Sam-

sung’s printer business, a

deal aimed at helping the

U.S. company expand into

high-volume devices. B

 Japan’s SHC Design

plans to start selling a

self-contained 3-D-printing

system for producing low-

cost artificial limbs. B

 Investors have been flee-

ing Mongolian markets after

the revelation that govern-

ment debt would be far

above the nation’s target. B

 OPEC said crude-oil

output from rival produc-

ers is turning out to be

stronger than expected. B

Business&Finance

World-Wide

China: RMB28.00; Hong Kong: HK$23.00;

Indonesia: Rp25,000 (incl PPN);

Japan: Yen620 (incl JCT); Korea: Won4,000;

Malaysia: RM7.50; Singapore: S$5.00 (incl GST)

KDN PP 9315/10/2012 (031275); MCI (P)

NO. 106/10/2015; SK. MENPEN R.I. NO: 01/

SK/MENPEN/SCJJ/1998 TGL. 4 SEPT 1998

As of 12 p.m. ET DJIA 18148.83À0.35% NIKKEI 16672.92g1.73% STOXX 600 342.23g0.95% BRENT 48.27À0.54% GOLD 1321.50g0.65% EURO 1.1230g0.04% DLR ¥101.95g0.73%

ASIA EDITION

How Xi Undermines

China’s Reforms

OPINION | A

THE BENEFITS OF

THE WALK-AND-TALK

PERSONAL JOURNAL | A

A Town Named for Bacon

Ponders Switching to Pie

iii

The mayor likes the health halo,

but faces saturated opposition

which supports veganism—and

a name change.

Its suggestion: Apple and

Cherry Pie Bay.

A tour of this embuttered lo-

cale shows the battle to be far

from cooked.

“I don’t think you go down

to Eggs and Bacon Bay and

think about your lifestyle,” said

Eliza Withers, a

college student,

one morning as

she took a bite of

egg and bacon

pie. “Maybe it

makes you want

to eat eggs and

bacon. But I

don’t think driving into Apple

and Cherry Bay would make

you want to go for a run.”

“It’s been Eggs and Bacon

Bay for yonks,” meaning for

ages, noted Naomi Smith, sip-

ping tea at the Country

Women’s Association charity

store. “People won’t be able to

find it if they change the

name.”

Graham Victor, a 67-year-old

butcher and self-declared

“meatarian,” is, unsurprisingly,

Please see BACON page A

EGGS AND BACON BAY, Aus-

tralia—Yes, there is a place in

Australia named for eggs and

bacon. And yes, some people

have a problem with that.

It’s not the ridiculousness of

the name they object to. It’s the

cholesterol.

Peter Coad,

the mayor of the

area, which is

found on the is-

land of Tasmania,

has thrown his

weight behind a

proposal to come

up with a differ-

ent, healthier name. He be-

lieves this would help enhance

the Huon Valley’s image as a

place where foodies can load

up on farm-fresh produce and

seafood. “If we can promote

healthy lifestyles then I think

we should,” he said.

“Considering the high levels

of cholesterol and saturated fat

in eggs and bacon, the area

may as well be called ‘Heart At-

tack Bay,’ ” said a spokes-

woman for People for the Ethi-

cal Treatment of Animals,

BYRACHELPANNETT

Breakfast

SEED MONEY:

Agrium Inc. and

Potash Corp.

confirmed a deal to

create a crop-nutrient

giant valued at about

$27 billion, the latest

in a string of trans-

actions in the global

farming sector. Left,

potash stored near

Saskatchewan.B

Japan Warns of North Korean Threat

KAZUHIRO NOGI/AGENCE FRANCE-PRESSE/GETTY IMAGES

DEFENSIVE POSTURE:Prime Minister Shinzo Abe reviewed an honor guard in Tokyo on Monday. Japan’s

new defense minister, ahead of a U.S. visit, said North Korea's nuclear program poses an imminent threat.A

Abaaoud had slipped past the dragnet and

entered the city unnoticed.

Drawing from a growing bag of tricks, Is-

lamic State accomplices located in Syria

likely used phones and WhatsApp accounts

belonging to Abaaoud and other attackers to

mask the group’s travel to Europe, said a

Please see ISIS page A

Weeks before Islamic State militant Ab-

delhamid Abaaoud led the Nov. 13 terror at-

tacks in Paris, French authorities thought he

was holed up in northern Syria. Western In-

telligence agencies pursuing Abaaoud had

tracked him there using cellphone location

data and other electronic footprints.

The Paris attacks, which killed 130 people,

showed how badly they were fooled.

BYSAMSCHECHNER ANDBENOITFAUCON

Fertilizer

Giants

To Merge

DAVID STOBBE/REUTERS

 Syrian leader Assad vows to fight despite

cease-fire............................................................................. A

its citizens and companies in

Venezuela, China appears to be

recalculating its alliance with

the nation where it has made

about $60 billion in loans.

As a result, Venezuela

might not get meaningful

fresh loans or investment

from China, raising the possi-

bility of deeper cutbacks and

shortages in the oil-rich nation

or a default on more than $

billion in government and

state-oil-company bonds.

China’s envoy in Caracas

conveyed concerns over secu-

rity and Venezuela’s debt repay-

ment during emergency meet-

ings held from April to

June with dozens of representa-

tives from Chinese state compa-

nies, according to four officials

from Chinese companies.

“The consensus was that no

new money was going to be

invested,” said one of the offi-

Please see CHINA page A

CARACAS—China spent

much of the past decade build-

ing a strategic alliance with

Venezuela, a country that sits

atop the world’s largest oil re-

serves and was led by a social-

ist president, the late Hugo

Chávez, who admired Mao Ze-

dong and wanted to counter

U.S. influence in Latin America.

These days, confronted with

a pile of unpaid bills and in-

creasing security headaches for

BYKEJALVYAS

China Rethinks Alliance

With a Reeling Venezuela

kets remained rattled.

The yield on the 10-year Ger-

man government bond touched

a high of 0.57% in the morning,

according to Tradeweb, and fin-

ished at 0.37%, its highest close

since late June when the U.K.’s

vote to leave the European

Union triggered a rush to

safety. In Japan, yields on the

10-year government bond hov-

ered just below zero, from a

low of minus-0.29% in late July.

The yield on the 10-year U.S.

Treasury note was up slightly

at 1.689% late morning in New

York.

Asian and European stock

markets also remained unset-

tled Monday, after Friday’s sell-

off in U.S. shares. Hong Kong’s

Hang Seng Index skidded 3.4%

Please see BONDS page A

Bond markets are on the

move again.

The selloff in government

bonds that started last week

continued to ripple through fi-

nancial markets on Monday as

investors dialed back their ex-

pectations of future central-

bank stimulus.

Investors are now asking

whether markets are on the

verge of another so-called

bond-market tantrum, in which

yields rise sharply as prices fall.

So far, most conclude that mar-

kets are not. Many investors be-

lieve that central banks will

continue to provide aggressive

stimulus because economic

growth and inflation remain

low.

But they predict volatility

ahead, and on Monday the mar-

BYCHRISTOPHERWHITTALL

ANDMIKEBIRD

Policy Fears

Bring Higher

Bond Yields

Clinton to Release

Health Records

ISIS OPERATIVES LEARN

TRICKS OF SPYCRAFT

Encryption and misdirection leave few clues for intelligence agencies

wanted the information about

Mrs. Clinton’s diagnosis to

come from her doctor, which

he said wasn’t possible until

she examined the candidate

again later in the day.

Last year, Mrs. Clinton re-

leased a summary of her

health, including the results of

some medical testing. Until

now, her campaign said that

was sufficient and pointed out

her release was more detailed

than opponent Donald

Trump’s. But after Sunday’s

events, she decided to release

more information, Mr. Fallon

said.

Please see CLINTON page A

WHITE PLAINS, N.Y.—Dem-

ocratic presidential nominee

Hillary Clinton will release ad-

ditional medical records this

week, a spokesman said Mon-

day, after a health-related wob-

ble leaving a 9/11 ceremony put

her well-being into the spot-

light and reanimated critics’

complaints about secrecy.

Press secretary Brian Fallon

also said the campaign made

mistakes handling the situa-

tion on Sunday, specifically by

not responding to questions

for 90 minutes about Mrs.

Clinton’s exit from the memo-

rial event in Manhattan.

Even then, a spokesman at-

tributed her departure to feel-

ing overheated, when she also

had pneumonia—a fact the

campaign didn’t disclose until

late in the afternoon. Mr.

Fallon said the campaign

BYLAURAMECKLER

 Heard: Corporate debt is ripe

for BOJ to target..................... B

 Offshore yuan trade suggests

Beijing intervention................. B

 Capital Journal: Clinton’s

biggest dilemma ............... A

 Opinion: Are the candidates

fit enough to serve?...... A

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